President Joe Biden's administration on Wednesday announced tough new air quality standards it said were sorely needed to protect the health of vulnerable communities, though industry groups have said the move would devastate domestic manufacturing. - Industry critical - Wednesday's announcement was hailed by environmental and health groups.
British luxury car brand Aston Martin Lagonda on Friday said Adrian Hallmark would become its chief executive, poaching him from German-owned peer Bentley where he has stepped down as CEO. Hallmark, 61, will take the wheel at Aston Martin by October 1, replacing Italian national Amedeo Felisa, who since May 2022 has helped steer around performance at the brand.
The EU is looking to "choke off" revenue Russia uses for its war on Ukraine by slapping "prohibitive tariffs" on grain and related imports into the bloc, under a plan being put to a leaders summit on Friday.
German business morale rose more strongly than expected in March, a key survey showed Friday, raising hope there is "light on the horizon" for Europe's crisis-hit top economy. "The German economy glimpses light on the horizon."
German football's decision to drop Adidas as its kit supplier sparked dismay in Berlin on Friday, with the economy minister blasting the switch to US sportswear giant Nike as a lack of "patriotism". The switch from Adidas was the "wrong decision", Health Minister Karl Lauterbach said Thursday on X, formerly Twitter.
Huge donations by firms under criminal investigation or suspected of being shell companies have been funnelled to India's ruling BJP and other parties, new data showed, highlighting the backscratching ties between corporate titans and the government.
Asian markets mostly fell Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest rates as much as it expected this year.
Shares of Nike tumbled Thursday after the sports giant signaled a tepid near-term revenue outlook even as it promised to wow consumers with new offerings in an Olympic year. Friend also forecast a revenue drop in the "low single digits" in the first half of the next fiscal year, in part reflecting "the subdued macro outlook around the world," he said.
EU leaders on Thursday agreed to "take work forward" on a plan to use the profits from frozen Russian central bank assets to arm Ukraine, as Kyiv pleaded for more ammunition for its outgunned forces. - Kremlin threatens retaliation - EU leaders insisted the plan to target the interest being made by the frozen assets was legally sound.
Texas and 15 other US states filed a lawsuit on Thursday challenging the Biden administration's freeze on new liquefied natural gas exports. Texas, the leading US producer of crude oil and natural gas, and 15 other Republican-led states filed a lawsuit in a federal court in Louisiana on Thursday opposing the move.
Economy
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